Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of 1014 Burlington Avenue, a 14-unit apartment property located in Lisle, Illinois, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,850,000.
David B. Tarnoff and Patrick Suffield, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was secured and represented by Tarnoff and Suffield.
1014 Burlington Avenue is located in Lisle, Illinois, one mile from Interstate 88, Illinois Route 53, and U.S. Route 34, and directly across from a Burlington Northern Santa Fe (BNSF) train stop in Lisle. The property sold at 99 percent of list price, procuring 14 offers in total.